BETA

TASK FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
TASK FOUNDATION (EIN 13-1968353)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-15
IRS object ID
202431369349105393
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-15T19:07:47-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN131968353EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TASK Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlTASKBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personjane stanleyPersonNm
Person TitletreasurerPersonTitleTxt
Phone8008391754PhoneNum
Signature2024-05-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstjanePersonFirstNm
Person LaststanleyPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum

Additional Filer Information AdditionalFilerInformation

FieldValueIRS element (for citing)
Trusted CustomerTrustedCustomerGrp
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$5,657,238FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$14,595InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$14,595InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$73,354DividendsRevAndExpnssAmt
Dividends Net Invst Incm$73,354DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$82,584NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$487,644GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$82,584CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$4OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$4OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$170,537TotalRevAndExpnssAmt
Total Net Invst Incm$170,537TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$5,400AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$5,400AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$25,799OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$25,026OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$773OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$2,009TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$22,090OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$22,090OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$55,298TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$25,026TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$28,263TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$220,974ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$220,974ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$276,272TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$25,026TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$249,237TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$105,735ExcessRevenueOverExpensesAmt
Net Investment Income$145,511NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$325,602SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$284,647SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$284,647SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$88AcctRcvblAmt
Acct Rcvbl EOY$88AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$88AcctRcvblEOYFMVAmt
US Government Obligations BOY$400,559USGovernmentObligationsBOYAmt
US Government Obligations EOY$420,829USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$405,017USGovtObligationsEOYFMVAmt
Corporate Stock BOY$1,330,025CorporateStockBOYAmt
Corporate Stock EOY$1,199,935CorporateStockEOYAmt
Corporate Stock EOYFMV$4,306,982CorporateStockEOYFMVAmt
Corporate Bonds BOY$381,209CorporateBondsBOYAmt
Corporate Bonds EOY$511,161CorporateBondsEOYAmt
Corporate Bonds EOYFMV$511,704CorporateBondsEOYFMVAmt
Other Assets BOY$233,800OtherAssetsBOYAmt
Other Assets EOY$148,800OtherAssetsEOYAmt
Other Assets EOYFMV$148,800OtherAssetsEOYFMVAmt
Total Assets BOY$2,671,195TotalAssetsBOYAmt
Total Assets EOY$2,565,460TotalAssetsEOYAmt
Total Assets EOYFMV$5,657,238TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,671,195RetainedEarningBOYAmt
Retained Earning EOY$2,565,460RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,671,195TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,565,460TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,671,195TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,565,460TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,671,195TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$105,735ExcessRevenueOverExpensesAmt
Subtotal$2,565,460SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,565,460TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$487,644GrossSalesPriceAmt
Cost Or Other Basis$405,060CostOrOtherBasisAmt
Gain Or Loss$82,584GainOrLossAmt
Gains Minus Excess Or Losses$82,584GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$82,584CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,023InvestmentIncomeExciseTaxAmt
Subtotal$2,023SubtotalAmt
Tax Based On Investment Income$2,023TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,800EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$1,800TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Tax Due$223TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Ellen Kheel Jacobs
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir0.5$0$0$0
Katherine Kheel
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir0.5$0$0$0
Robert J Kheel
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, Pres1.0$0$0$0
Jane Kheel Stanley
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir, Sec, Treas2.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$4,824,935AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$341,778AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$5FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,166,718TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$5,166,718AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$77,501CashDeemedCharitableAmt
Net Vl Noncharitable Assets$5,089,217NetVlNoncharitableAssetsAmt
Minimum Investment Return$254,461MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$254,461MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,023TaxBasedOnInvestmentIncomeAmt
Total Tax$2,023TotalTaxAmt
Distributable Before Adj$252,438DistributableBeforeAdjAmt
Distributable Before Ded$252,438DistributableBeforeDedAmt
Distributable As Adjusted$252,438DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$249,237ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$249,237QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$252,438DistributableAsAdjustedAmt
Undistributed Income PY$249,181UndistributedIncomePYAmt
Prior Year12021PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32019PriorYear3Yr
Qualifying Distributions$249,237QualifyingDistributionsAmt
Applied To Year1$249,181AppliedToYear1Amt
Applied To Current Year$56AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$252,382UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AGRICULTURAL STEWARDSHIP ASSOCIATION
2531 STATE RTE 40GREENWICHNY12834N/APCGeneral & Unrestricted$27,550
BIRDSCARIBBEAN
841 WORCESTER ST 130NATICKMA01760N/APCGeneral & Unrestricted$16,730
CLAY ART CENTER INC
40 BEECH STPORT CHESTERNY10573N/APCGeneral & Unrestricted$10,000
CORNELL UNIVERSITY
260 DAY HALLITHACANY14853N/APCThe Kheel Labor-Management endowment that benefits the Kheel Center$33,060
INTERNATIONAL RESCUE COMMITTEE INC
PO BOX 6068ALBERT LEAMN56007N/APCGeneral & Unrestricted$23,000
INTERNATIONAL RESCUE COMMITTEE INC
PO BOX 6068ALBERT LEAMN56007N/APCIRC's Crises Response Fund (CRF)$2,346
MERCY FOR ANIMALS
8033 SUNSET BLVD STE 864LOS ANGELESCA90046N/APCGeneral & Unrestricted$20,128
NEW YORK URBAN LEAGUE INC
8 W 126TH STNEW YORKNY10027N/APCGeneral & Unrestricted$33,060
RAINFOREST TRUST
PO BOX 841WARRENTONVA20188N/APCBrazilian Amazon Fund$5,100
RAINFOREST TRUST
PO BOX 841WARRENTONVA20188N/APCto Protect a Critical Forest from a Mega-highway in Brazil$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$220,974TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$14,595ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$73,354ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$82,584ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescCREDIT CARD REWARDSDesc
Exclusion01ExclusionCd
Exclusion$4ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$170,537ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$170,537TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAudit FeesCategoryTxt
Amt$5,400Amt
Disbursements Charitable Prps$5,400DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE PERSISTENCE FOUNDATION INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 11AddressLine1Txt
CityEAGLE BRIDGECityNm
State AbbreviationNYStateAbbreviationCd
ZIP12057ZIPCd
FieldValueIRS element (for citing)
Grant2020-12-09GrantDt
Grant$233,800GrantAmt
Purpose Of GrantPRI LOAN - TO ENSURE THE CONTINUING SUCCESS OF LAND CONSERVATION AND AGRICULTURAL PRESERVATIONPurposeOfGrantTxt
Any Diversion By GranteeNOAnyDiversionByGranteeTxt
Dates Of Reports By GranteeSEE GENERAL EXPLANATION FOR DATES OF REPORTSDatesOfReportsByGranteeTxt
Results Of VerificationSEE GENERAL EXPLANATION FOR DETAILS REGARDING AMOUNT EXPENDED, LACK OF DIVERSION, AND VERIFICATIONResultsOfVerificationTxt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
IdentifierFORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITYIdentifierTxt
Form And Line ReferenceFORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITYFormAndLineReferenceDesc
Medium ExplanationPRI RECIPIENT: THE PERSISTENCE FOUNDATION, INC. DATE OF PRI: DECEMBER 9, 2020 AMOUNT OF PRI: $233,800 REPORTS OF AMOUNTS EXPENDED: RECIPIENT HAS SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEARS ENDING 7/31/19, 7/31/20, 7/31/21, 7/31/22, AND 7/31/23. THE FINANCIAL REPORT SUBMITTED BY RECIPIENT WAS AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. DATES OF REPORTS: 11/22/2019, 01/07/2021, 02/03/2021, 12/26/2021, 02/13/2023, 12/20/2023 The recipient repaid $85,000 of the loan principal in 2023. The loan amount outstanding as of 12/31/2023 was $148,800. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE. VERIFICATION: THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.MediumExplanationTxt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (19 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMERICAN EXPRESS CO - 3.950% -$24,607$24,599
APPLE INC - 3.450% - 05/06/202$35,306$34,768
BANK AMER CORP - 4.125% - 01/2$35,253$34,971
CATERPILLAR FINL SVCS MTNS BE$50,100$49,511
CISCO SYSTEMS INC - 3.625% - 0$35,536$34,887
CITIGROUP INC BND - 3.300% - 0$24,138$24,418
COCA COLA CO - 1.450% - 06/01/$24,876$22,857
DISNEY WALT CO - 2.950% - 06/1$18,380$19,205
HOME DEPOT INC - 2.950% - 06/1$23,325$23,522
INTEL CORP - 3.900% - 03/25/20$23,614$24,224
JOHN DEER CAPITAL - 4.700% - 0$24,530$25,412
JP MORGAN CHASE - 3.125% - 01/$24,232$24,478
MCDONALDS CORP MED TERM NT - 3$23,926$24,303
PEPSICO INC - 3.600% - 02/18/2$23,859$24,487
TARGET CORP NOTE - 4.500% - 09$23,945$25,250
TOYOTA MTR CR CORP SER B MTN C$26,675$23,854
U S BANCORP - 3.150% - 04/27/2$23,243$23,798
UNITEDHEALTH GROUP INC - 2.875$22,017$23,204
WELLS FARGO & CO - 3.000% - 04$23,599$23,956

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (36 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ALPHABET INC CL A$39,481$139,690
ALPHABET INC CL C$38,452$140,930
AMAZON COM$47,655$212,716
AMERICAN WATER WORKS COMPANY I$23,307$88,433
AMERIPRISE FINANCIAL INC$13,560$94,958
APPLE INC$64,003$515,980
BROADCOM INC$18,998$145,113
CAPITAL ONE FINANCIAL CORP$50,378$74,738
CHEVRON CORP$20,771$36,544
CIGNA CORPORATION$58,923$119,780
CISCO SYSTEMS INC$19,987$48,499
CITIGROUP INC$47,178$58,744
COSTCO WHOLESALE CORPORATION$28,480$115,514
ECOLAB INC$30,929$52,563
EOG RESOURCES INC$17,564$38,099
HCA INC$23,027$81,204
HOME DEPOT INC$12,991$138,620
INTUIT$14,447$90,629
JP MORGAN CHASE$47,784$177,755
KROGER CO$36,365$44,796
MCKESSON CORP$43,819$92,596
METLIFE INC$22,291$41,001
MICROSOFT CORP$85,446$571,580
NEXTERA ENERGY, INC$8,918$41,303
NIKE INC-CL B$50,541$85,227
NORFOLK SOUTHERN CORP$19,207$72,096
NXP SEMICONDUCTORS$7,700$29,858
ORACLE CORP$23,919$72,747
PEPSICO INC$36,975$61,992
PROLOGIS$34,736$113,305
ROPER INDUSTRIES$39,493$111,760
SEALED AIR CORP$18,848$25,199
THERMO FISHER SCIENTIFIC INC$54,166$318,474
TRANSDIGM GRP INC$11,167$50,580
VISA INC$48,374$158,814
WALT DISNEY HOLDINGS CO$40,055$45,145

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$420,829USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$405,017USGovtObligationsEOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescPRI-THE PERSISTENCE FOUNDATIONDesc
EOY Book Value$148,800EOYBookValueAmt
EOYFMV$148,800EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$21,533$21,533
State or Local Filing Fees$250$250
Website Hosting/Support$307$307

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescCREDIT CARD REWARDSDesc
Revenue And Expenses Per Books$4RevenueAndExpensesPerBooksAmt
Net Investment Income$4NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
MANAGEMENT FEES$25,279$25,026$253
Website Development$520$520

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
990-PF Estimated Tax for 2023$1,800
990-PF Excise Tax for 2022$209

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